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Scientists aim to unravel secrets of universe

This content was published on Jul 29, 2011 Michel Spiro, council president of Geneva-based Cern, the European Organization for Nuclear Research, tells swissinfo.ch about existential questions and “collaborative globalisation”. A hundred metres beneath Geneva, bunches of protons whizz around a 27-kilometre long tube – the Large Hadron Collider (LHC) – at a speed approaching that of light. When they collide, their tiny point…

Zurich hospital pioneers prenatal surgery

This content was published on Jul 28, 2011 The operations – the first of their kind outside the United States – were conducted on unborn children with spina bifida, a defect in which the backbone and spinal canal do not close before birth. The two successful surgical interventions were conducted late 2010 and in the middle of this year, Martin Meuli, director of…

Downsizing reality hits over-confident banks

This content was published on Jul 28, 2011 Credit Suisse was the latest global player to announce poor second quarter results on Thursday, following UBS two days before. Both banks will reverse recent hiring sprees with Credit Suisse shedding around 2,000 staff – roughly the same number it had just taken on. Most of the major banking players around the world have either…

Swiss doubles operating profit in half year

This content was published on Jul 28, 2011 In a statement, Swiss said the result more than doubled the operating profit of SFr61 million for the first half of 2010. Total income from operating activities for January to June 2011 was SFr2,406 billion, a seven per cent year increase compared with the year before. The company said the second quarter saw “a particularly…

UBS comes under fire again in the US

This content was published on Jul 28, 2011 It is alleged that UBS misled the housing agencies into buying $4.5 billion of risky mortgages. The United States Federal Housing Finance Agency (FHFA) said it also planned more lawsuits to recover additional losses by Fannie Mae and Freddie Mac from investments in private-label debt. In July 2010 the FHFA issued 64 subpoenas to banks,…

Swatch increases profit despite strong franc

This content was published on Jul 28, 2011 But it warned that the strong Swiss franc would hit sales growth as well as group operating profit and net income. “The outlook… in the second half of the year remains promising, particularly given the fact that July is confirming the trend in sales and results of the first half,” Swatch Group said in a…

Credit Suisse cuts jobs on poor results

This content was published on Jul 28, 2011 The Swiss bank said on Thursday net profit fell to SFr768 million ($959 million), below average analyst forecasts of SFr1 billion and less than half the SFr1.6 billion made in the same period in 2010. Operating income fell to SFr1.37 billion from SFr1.7 billion in the Q2 last year. New assets in private banking were…

Credit Suisse cuts jobs on poor results

This content was published on Jul 28, 2011 The Swiss bank said that net profit fell to SFr768 million ($959 million), below average analyst forecasts for SFr1 billion and less than half the SFr1.6 billion made in the same period in 2010. Chief Executive Brady Dougan said the bank would cut four per cent of total staff to save about SFr1 billion next…

How far do good looks go in Swiss politics?

This content was published on Jul 27, 2011 Political scientist Georg Lutz tells swissinfo.ch why Miss and Mister Switzerland have a relative advantage but they would not win a seat in a parliamentary election. Lutz, an expert in political behaviour, carried out an experimental study at the Centre of Expertise in the Social Sciences at Lausanne University with data from the previous parliamentary…

Ozone levels exceed safe limits

This content was published on Jul 27, 2011 A safe hourly limit of 120 micrograms per cubic metre was exceeded at various times. Between January and June the limit was exceeded 190 times in Zurich and Basel and 340 times in Lugano, where peaks of 280 micrograms per cubic metre were recorded. In a report published on Wednesday, the Federal Commission for Air…

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Scientists aim to unravel secrets of universe

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Zurich hospital pioneers prenatal surgery

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Downsizing reality hits over-confident banks

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Swiss doubles operating profit in half year

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UBS comes under fire again in the US

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Swatch increases profit despite strong franc

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Credit Suisse cuts jobs on poor results

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Credit Suisse cuts jobs on poor results

More

How far do good looks go in Swiss politics?

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Ozone levels exceed safe limits

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